Brightstar Financial has achieved Financial Conduct Authority authorisation ahead of the implementation of the Mortgage Credit Directive.
The specialist packager achieved authorisation in 12 weeks by working in conjunction with SimplyBiz, which created a Consumer Credit Centre to help firms gain FCA authorisation.
Bradley Moore, Brightstar’s director of second charge loans and a founder director, said: “As a business we always strive to excel in everything we do and I am extremely pleased that our authorisation has not only been achieved but that it has been achieved so quickly.
“Achieving FCA authorisation is just one more step on our ever evolving journey. It is testament to SimplyBiz and their excellent team that we have achieved this in the time that we have.”
David Golder, managing director of SimplyBiz Consumer Credit Centre, added: “We were delighted to have been selected by Brightstar to support their authorisation for permissions under both consumer credit and those required in advance of the implementation of the Mortgage Credit Directive.
“We are particularly pleased with the speed of turnaround and this simply emphasises the benefit to firms of using SimplyBiz’s Consumer Credit Centre, to manage their FCA authorisations, which then allows them to get on with business, safe in the knowledge that their requirements are being fully managed by a specialist team. This continues our 100% success record in submissions made to the FCA on behalf of our members.”